October 22, 2008
Renaissance Learning, Inc. Declares Special Cash Dividend of $.75 and Quarterly Dividend of $.07
WISCONSIN RAPIDS, Wis., Oct. 22 /PRNewswire-FirstCall/ -- Renaissance Learning(R), Inc. , a leading provider of technology to support personalized practice, differentiated instruction, and progress monitoring in reading, math, and writing for pre-K-12 schools and districts, announced that its Board of Directors declared a special cash dividend of $.75 per share in addition to its regular quarterly cash dividend of $.07 per share, both payable December 1, 2008 to shareholders of record as of November 7, 2008. "Today's Board action is a reflection of our confidence in our business model and in our long-term growth prospects. Because of our solid financial strength and strong cash flow, the Board believes that distributing cash to shareholders is a good use of cash to enhance shareholder value," commented Terrance D. Paul, Chief Executive Officer.
(Logo: http://www.newscom.com/cgi-bin/prnh/20001108/RENAISSANCELOGO) Renaissance Learning, Inc.
Renaissance Learning, Inc. is the world's leading provider of computer-based assessment technology for pre-K-12 schools. Adopted by more than 75,000 North American schools, Renaissance Learning's tools provide daily formative assessment and periodic progress-monitoring technology to enhance core curriculum, support differentiated instruction, and personalize practice in reading, writing and math. Renaissance Learning products help educators make the practice component of their existing curriculum more effective by providing tools to personalize practice and easily manage the daily activities for students of all levels. As a result, teachers using Renaissance Learning products accelerate learning, get more satisfaction from teaching, and help students achieve higher test scores on state and national tests. Renaissance Learning has seven U.S. locations and subsidiaries in Canada, India, and the United Kingdom.
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Renaissance Learning, Inc.
CONTACT: Susan Sutherland of Renaissance Learning, Inc., office,1-877-988-8048, fax, +1-715-424-3414, [email protected]
Web site: http://www.renlearn.com/